CrowdStrike (NASDAQ:CRWD) Stock Price Up 4.9% Following Earnings Beat

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shot up 4.9% on Thursday following a better than expected earnings announcement. The company traded as high as $285.73 and last traded at $277.06. 6,375,886 shares were traded during mid-day trading, an increase of 18% from the average session volume of 5,390,789 shares. The stock had previously closed at $264.20.

The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company’s revenue was up 31.7% compared to the same quarter last year.

Analyst Upgrades and Downgrades

CRWD has been the subject of several analyst reports. BMO Capital Markets increased their price objective on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday. Sanford C. Bernstein reduced their price target on shares of CrowdStrike from $381.00 to $315.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Mizuho lowered their price objective on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group decreased their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.15.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock valued at $48,856,294 in the last ninety days. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in CRWD. Arlington Financial Advisors LLC increased its position in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares during the period. Saturna Capital Corp increased its holdings in shares of CrowdStrike by 2.7% in the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares during the period. Means Investment CO. Inc. increased its holdings in shares of CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares during the period. Shepherd Financial Partners LLC raised its stake in shares of CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after purchasing an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in CrowdStrike by 2.2% in the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock valued at $582,000 after buying an additional 39 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 2.1 %

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $67.48 billion, a price-to-earnings ratio of 522.13, a PEG ratio of 11.79 and a beta of 1.10. The firm’s 50 day simple moving average is $303.94 and its 200-day simple moving average is $318.50.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.